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Wednesday, 05 June 2013 01:00

Minimum Wage & Superannuation Increase

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Minimum Wage & Superannuation Increase Minimum Wage & Superannuation Increase

The Fair Work Commission decided to increase the minimum weekly wage by 2.6% to $622.20 per week (up from $606.40) or $16.37 per hour (up from $15.96 per hour). 

Modern award minimum wage rates will also increase 2.6%.

The wage increase will commence from 1 July 2013

Furthermore, the statutory superannuation contribution rate increases to 9.25% (up from 9%) from 1 July 2013.

Read 1774 times Last modified on Sunday, 16 June 2013 11:53
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